1282

Chattel Mortgage Signed by Glidden & Sandborn, 1882 [158399]

Currency:USD Category:Collectibles / Paper Start Price:75.00 USD Estimated At:150.00 - 250.00 USD
Chattel Mortgage Signed by Glidden & Sandborn, 1882 [158399]
SOLD
40.00USD+ (10.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2022 Oct 16 @ 16:26UTC-7 : PDT/MST
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1882 chattel mortgage signed by Joseph Glidden, Henry Sanborn and Isaac Elwood. "Isaac Leonard Ellwood was born in Salt Springville, New York on August 3, 1833. His parents were people of modest means. Already ambitious as a young man, he drove a mule team on the Erie Canal. In 1851 he made his way west to seek his fortune in the gold fields of California. He clerked in a hardware store in Sacramento and saved his earnings hoping to establish his own business. In 1855, Ellwood made his way to DeKalb County, Illinois, where several of his brothers had already settled. Here he found work on the large farm of William Miller near Kingston. Isaac married Miller's daughter Harriet in 1859 and soon established a hardware store on Main Street in DeKalb. Keenly aware of the needs of farmers for a cheap durable fencing material through his hardware business, Ellwood began to tinker with ways to improve fencing. In 1874 he abandoned his own idea and purchased a one-half interest in DeKalb farmer Joseph Glidden's barbed wire patent for $265. The two soon formed a partnership and established the world's first barbed wire factory. By 1879, fifty million pounds of barbed wire were being produced annually and Ellwood was well on his way to becoming one of the wealthiest men in Illinois. This wealth enabled him to build a palatial home for his family on a large property at the edge of DeKalb." from ellwoodhouse.org. 8.25x13". Also, A Walk through Ellwood House booklet.

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State: Illinois
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Provenance: Jim & Barbara Sherman Private Western Mining Museum